Founders Grove Wealth Partners LLC Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Founders Grove Wealth Partners LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,327 shares of the oil and gas company’s stock after selling 346 shares during the period. Founders Grove Wealth Partners LLC’s holdings in Exxon Mobil were worth $1,005,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $200,000. Brucke Financial Inc. boosted its holdings in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its holdings in shares of Exxon Mobil by 5.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 29,119 shares of the oil and gas company’s stock valued at $3,463,000 after buying an additional 1,422 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.8%

XOM stock opened at $110.71 on Friday. The firm has a 50 day moving average of $111.72 and a 200 day moving average of $109.30. The stock has a market capitalization of $471.98 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.05.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.